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Waiting until after the election may provide more stability and clearer economic policies that could impact property values.
Potential buyers should monitor the market closely and consider the long-term economic outlook before making a purchase.
Miami
The stakes of Novembers election are even higher for an international city like Miami.
Its wise to wait for post-election clarity before buying in Miami.
Theres also theproperty insurance crisisthat continues to grip the state and make homeownership more challenging and expensive.
The election outcome could impact these sectors significantly, affecting the housing market.
It isnt important which candidates policy would help or hurt property owners.
The uncertainty surrounding federal policies and potential changes in government leadership can impact the housing market.
But more immediately, people who cant telecommute have to live where they work.
Detroit
Finally, theres a city whose future depends on funding fromstate and federal revitalization initiatives.
The outcome of the election could influencefederal support and policiesthat affect the citys ongoing revitalization efforts, said Olson.
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